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Overview / Commentary
310-808-4000
879 W 190th St
Gardena, CA 90248-4220

Northrop Grumman Federal Credit Union is headquartered in Gardena and is the 38th largest credit union in the state of California. It is also the 238th largest credit union in the nation. It was established in 1946 and as of March of 2014, it had grown to 141 employees and 50,537 members. Northrop Grumman Federal Credit Union has a A health rating.

Field of Membership Restrictions

Membership in Northrop Grumman Federal Credit Union extends to: Employees of Northrop Grumman Corporation. Employees of Northrop Grumman subsidiaries, except those eligible for membership in another credit union sponsored by Northrop Grumman Corporation by virtue of their employment. Employees of Metro, Los Angeles County Spouses of persons who died while within the field of membership eligibility of this credit union. Employees of this credit union. Persons retired as pensioners or annuitants from the above employment; members of their immediate families; and organizations of such persons. Members of the Southern California Historical Aircraft Foundation(SCHAF). Immediate family members of NGFCU member, including the member's wife, husband, domestic partner, children, father, mother, brothers, sisters, grandparents, grandchildren, stepfathers, stepmothers, stepchildren, half- and step-sisters and brothers, fathers-in-law, and mothers-in-law. These individuals need not reside with the NGFCU member. - See Details

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Health

Data for Q1 2014

Institution Health

A

Texas Ratio

GRADE:
A+

The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Northrop Grumman Federal Credit Union had $1.47 million in non-current loans and owned real-estate with $89.14 million in equity and loan loss allowances on hand to cover it. This gives Northrop Grumman Federal Credit Union a Texas Ratio of 1.65% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for Northrop Grumman Federal Credit Union experienced no significant changes from 1.60% as of March 31, 2013 to 1.65% as of March 31, 2014, resulting in a negative change of 3.34%. This indicates that the balance sheet and financial strength for Northrop Grumman Federal Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
B+

In the past year, Northrop Grumman Federal Credit Union has increased its total deposits by $20.04 million, resulting in 2.41% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Northrop Grumman Federal Credit Union has shown is above average.

Capitalization

GRADE:
C+

Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Northrop Grumman Federal Credit Union has $946.12 million in assets with $89.14 million in equity, resulting in a capitalization level of 9.42%, which is average.

Institution Statistics

Overall
NCUA #24292
Year Chartered1946
Employees141
Primary Regulator
Assets and Liabilities
Assets$946.12 million
Loans$408.42 million
Deposits$851.62 million
Equity Capital$87.14 million
Loan Loss Allowance$2.00 million
Unbacked Noncurrent Loans$1.47 million
Real Estate Owned$0
Historic Data - March 2013
Assets$950.61 million
Equity Capital$107.48 million
Loan Loss Allowance$3.47 million
Unbacked Noncurrent Loans$1.47 million
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin0.98%
Return on Assets0.86%
Return on Equity9.34%
Interest Income$7.16 million
Rates

Always verify rates and promotions with the bank or credit union. We are not Northrop Grumman Federal Credit Union, we are a rate comparison website and can not provide official rates or promotions.

Northrop Grumman Federal Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.25%$100-IRA Accumulation
0.25%$100-Regular Savings
0.25%$100-Holiday Club
0.25%--Youth Account
0.25%$100-Roth IRA Accumulation
0.25%$100-CESA Accumulation

Northrop Grumman Federal Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.45%$2,500-Money Market IRA
0.45%$2,500-Money Market
0.45%$2,500-Money Market Roth IRA
0.45%$2,500-Money Market CESA

Northrop Grumman Federal Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.10%$500-Regular Checking

Northrop Grumman Federal Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
2.00%$40k-84 Month Bonus Term CD
1.89%$40k-60 Month Bonus Term CD
1.85%$2,500-84 Month Term CD
1.73%$2,500-60 Month Term CD
1.70%$40k-48 Month Bonus Term CD
1.55%$2,500-48 Month Term CD
1.44%$40k-36 Month Bonus Term CD
1.36%$40k-30 Month Bonus Term CD
1.29%$2,500-36 Month Term CD
1.24%$40k-24 Month Bonus Term CD
1.20%$2,500-30 Month Term CD
1.09%$2,500-24 Month Term CD
0.92%$40k-12 Month Bonus Term CD
0.77%$2,500-12 Month Term CD
0.66%$40k-6 Month Bonus Term CD
0.56%$2,500-6 Month Term CD

Northrop Grumman Federal Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
2.00%$40k-7 Year Bonus Term IRA
1.89%$40k-5 Year Bonus Term IRA
1.85%$2k-7 Year Term IRA
1.73%$2k-5 Year Term IRA
1.70%$40k-4 Year Bonus Term IRA
1.55%$2k-4 Year Term IRA
1.44%$40k-3 Year Bonus Term IRA
1.29%$2k-3 Year Term IRA
1.24%$40k-2 Year Bonus Term IRA
1.09%$2k-2 Year Term IRA
0.92%$40k-1 Year Bonus Term IRA
0.77%$2k-1 Year Term IRA
Locations

Northrop Grumman Federal Credit Union has 18 locations. Click to view all Northrop Grumman Federal Credit Union locations.